Third Consecutive Quarter of Financial Improvement
This quarter marks the third consecutive quarter of financial improvement, underscoring the strategic direction and transformation towards sustainable, profitable growth.
Net Income Turnaround
Net income totaled $100,000 compared to a net loss of $8.8 million during the same quarter last year.
Managed Service Revenue Growth
Managed service revenue, excluding Hozoo, increased 5%. Year-to-date managed services revenue is up 14%.
Operating Expenses Reduced
Total operating expenses decreased by 67%, from $13 million to $4.3 million.
Cash and Investments Increase
Cash increased by $800,000 to $51.4 million, with no debt on the balance sheet.
Expansion of Enterprise Accounts
Enterprise accounts are now growing at double-digit rates, and some at triple-digit rates, with new clients such as Amazon, General Motors, and Owens Corning.
Introduction of AI Features
Infusion of AI-powered features into the technology platform to provide clients with strategic insights and campaign performance.